The February to April 1999 rally occurred despite multiple Peerless sell signals.
This illustrates the need for working with stop losses, especially when the DJI is
rising into all-time high territory. The break in the NYSE A/D Line downtrend
might have been used to cover short positions in the overall market, especially
since each of the three main oscillators shown here turned positive and were above
their risign moving averages.
Using NYSE A/D Line trendbreak as sign to cover shorts would have helped here.
That Accum. Index was above its black ma should
have been used to confirm decision to cut losses.
That OP21 was above its black ma should also
have been used to confirm decision to cut losses.
